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Should I Buy Now or Wait in Chicago?

18 of 56 tracked Chicago ZIPs are easing and 4 show inventory building — the data can show the direction, but not whether your own cash flow, reserves, and time horizon are ready. Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4. The published metro home-value forecast is 2.20%. The metro income-needed indicator changed 3.25% year over year.

Key stats

  • Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
  • The metro income-needed indicator changed 3.25% year over year.
  • The published metro home-value forecast is 2.20%.
Tracked ZIP markets
56
Median ZIP home value
$340,167
Median ZIP rent
$1,883
housing cost spread
Across tracked ZIPs the typical home value runs from $125,693 in 60621 to $684,050 in 60614 — a factor of 5.4.
published forecast
The published metro home-value forecast is 2.20%.
income needed change
The metro income-needed indicator changed 3.25% year over year.

The current timing tradeoff in Chicago

The published metro home-value forecast is 2.20%.

Sources and method

Figures are updated monthly under our editorial policy. Spotted something wrong? Report a correction.

What that costs per month in Chicago

Principal and interest on $340,167, the typical value of the median tracked ZIP. Taxes, insurance, and any association dues are not included.

%
%
yrs

$1,720 / monthprincipal and interest

An estimate for comparison between markets, not a quote or an offer of credit. Actual payments depend on the rate you are offered, the property, and the loan terms.

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